Share Name Share Symbol Market Type Share ISIN Share Description
XP Power LSE:XPP London Ordinary Share SG9999003735 ORD 1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -60.00p -2.44% 2,400.00p 2,400.00p 2,440.00p 2,440.00p 2,410.00p 2,410.00p 3,038 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 166.8 28.6 148.3 16.2 461.64

XP Power Limited Grant of LTIP awards

20/11/2017 7:00am

UK Regulatory (RNS & others)


XP Power (LSE:XPP)
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1 Year : From Nov 2017 to Nov 2018

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TIDMXPP

RNS Number : 8997W

XP Power Limited

20 November 2017

20 November 2017

XP Power Limited ("XP" or the "Company")

Grant of Long Term Incentive Plan (LTIP) awards

The Company announces that on 17 November 2017, Gavin Griggs, Chief Financial Officer was awarded a nominal priced option over 8,000 ordinary shares of 1p each in the Company ("Ordinary Shares"), under the XP Power Limited Long Term Incentive Plan 2017 (the "Award").

The vesting of the Award is conditional on meeting challenging performance conditions measured over a three-year period as described in the Company's 2016 Annual Report, with 50% vesting on the third anniversary of the date the Award was made and 50% vesting after a further one year deferral period.

 
     1.         Details of the person discharging managerial 
                 responsibilities/person closely associated 
---------  ------------------------------------------------------------------------- 
     (a)        Name                            Gavin Griggs 
---------  ------------------------------  ----------------------------------------- 
     2.         Reason for the notification 
---------  ------------------------------------------------------------------------- 
     (a)        Position/status                 Gavin Griggs - Chief Financial 
                                                 Officer 
---------  ------------------------------  ----------------------------------------- 
     (b)        Initial                         Initial notification 
                 notification/ 
                 Amendment 
---------  ------------------------------  ----------------------------------------- 
     3.         Details of the issuer 
---------  ------------------------------------------------------------------------- 
     (a)        Name                            XP Power Limited 
---------  ------------------------------  ----------------------------------------- 
     (b)        LEI                             213800I7RWQ3FV72EZ26 
---------  ------------------------------  ----------------------------------------- 
     4.         Details of the transaction(s): section 
                 to be repeated for (i) each type of instrument; 
                 (ii) each type of transaction; (iii) each 
                 date; and (iv) each place where transactions 
                 have been conducted 
---------  ------------------------------------------------------------------------- 
     (a)        Description                     Ordinary Shares of GBP0.01 each 
                 of the Financial                in the Company 
                 Instrument 
---------  ------------------------------  ----------------------------------------- 
     (b)        Identification                  SG9999003735 
                 code of 
                 the Financial 
                 Instrument 
---------  ------------------------------  ----------------------------------------- 
     (c)        Nature of                       Award of options over Ordinary 
                 the transaction                 Shares as part of the XP Power 
                                                 Limited Long Term Incentive Plan 
                                                 2017. 
---------  ------------------------------  ----------------------------------------- 
     (d)        Price(s)                        Price(s)                  Volume(s) 
                 and volume(s) 
                                           ------------------------  --------------- 
       Exercisable at 
        nominal price 
        of 1 pence per 
        Ordinary Share                                                    8,000 
  -----------------------------------------------------------------  --------------- 
 
 
     (e)        Aggregated 
                 information 
                  *    Aggregated volume          TOTAL 8,000 
 
 
 
                                                  Exercisable at nominal price 
                 - Price                          of 1 pence per Ordinary Share 
---------  ------------------------------  ----------------------------------------- 
     (f)        Date of                         17 November 2017 
                 the transaction 
---------  ------------------------------  ----------------------------------------- 
     (g)        Place of                        n/a 
                 the transaction 
---------  ------------------------------  ----------------------------------------- 
 

-Ends-

Enquiries:

XP Power

   Duncan Penny, Chief Executive Officer    +44 (0)118 976 5086 
   Gavin Griggs, Chief Financial Officer        +44 (0)118 976 5154 
   Citigate Dewe Rogerson                      +44 (0)20 7638 9571 

Kevin Smith/Jos Bieneman

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKODKKBDBNDD

(END) Dow Jones Newswires

November 20, 2017 02:00 ET (07:00 GMT)

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